The World Bank has approved a total of $8.40bn (about N12.89tn) in fresh loans to Nigeria within the last two years. The new approvals, which span from June 2023 to …
BusinessDevelopmentEconomyFinanceInfrastructurePolitics
Tag:
debt sustainability
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Banking, Finance & InvestmentEconomyNigeriaOil & GasPolicies
Moody’s Upgrades Nigeria’s Credit Rating But Warns Falling Oil Prices, Inflation Could Threaten Naira Stability
Global credit rating agency, Moody’s Ratings, has upgraded Nigeria’s long-term foreign and local currency issuer ratings from Caa1 to B3, citing improved transparency in the country’s foreign exchange system and …
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EconomyFinance & ServicesGOVERNMENTInfrastructureNigeriaPolitics
Nigeria’s Public Debt May Rise Beyond ₦182tn as Tinubu Seeks Fresh $24bn Loan
President Bola Ahmed Tinubu has asked the National Assembly to approve new foreign loans amounting to $24.14 billion. If the lawmakers give the go-ahead, Nigeria’s total public debt may jump …
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AfricaBusiness PoliciesDevelopmentEconomyFinance & ServicesGOVERNMENTInternational RelationsTOGO
AU, AfDB, and Togo Host High-Level Conference to Tackle Africa’s Rising Debt Crisis
The African Union (AU), in collaboration with the African Development Bank (AfDB) and the Government of Togo, has begun preparations for a high-level conference aimed at addressing the continent’s growing …